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IN BRIEF: Nanosynth delivering 250,000 masks as part of India deal

Fri, 27th Aug 2021 19:24

Nanosynth Group PLC - digital monitoring and safeguarding systems manufacturer formerly known as Remote Monitored Systems - Looking to make delivery of 250,000 masks in India the next few weeks as part of agreement with Vivek Kohli Enterprises OPC Private Ltd.

"These masks will, in part, be distributed to interested parties in India, with whom VKE have been in discussions, to help establish the level of demand and timeframes for future orders," company says.

Adds: "The company is delighted with VKE's support and enthusiasm for the Pro Larva mask and naturally hopes that further significant orders will follow although there can be no guarantee of such."

Company notes VKE believes partnership could generate GBP17 million in revenue.

Current stock price: 1.14 pence

Year-to-date change: down 18%

By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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IN BRIEF: nanosynth shares plummet on lack of cash resources

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nanosynth shares jump as reports success for its antiviral technology

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IN BRIEF: nanosynth shares jump as deal signed with wellness firm

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IN BRIEF: nanosynth shares rise on Lanstead Capital share subscription

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